Location: Nassau-Suffolk, NY | Metro: Nassau-Suffolk, NY HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,110 |
| 1 Bedroom | $2,460 |
| 2 Bedrooms | $2,890 |
| 3 Bedrooms | $3,720 |
| 4 Bedrooms | $3,950 |
| 5 Bedrooms | $4,582 |
| 6 Bedrooms | $5,132 |
| 7 Bedrooms | $5,543 |
| 8 Bedrooms | $5,820 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,890 | $433,104 | 0.67% | D |
| 3BR | $3,720 | $588,640 | 0.63% | D |
| 4BR | $3,950 | $672,098 | 0.59% | F |
| 5BR | $4,582 | $685,006 | 0.67% | D |
U.S. Census Bureau data (2024)
2790 In Medford, NY (ZIP 11763), the Fair Market Rent (FMR) for Section 8 housing in fiscal year 2024 is set at $2790 per month. 2881 This is notably lower than the actual market rent, which stands at $2,881 per month according to ZORI data. 596788 The median home value in the area is significantly higher at $596,788, reflecting the broader real estate market's premium on ownership. 115 However, only 11.5% of residents are renters, indicating a relatively low demand for rental properties compared to homeownership. 120783 With a median income of $120,783, tenants in this zip code are likely to have the financial stability to meet their rent obligations. 27 The average days on market (DOM) for rental listings is 27 days, suggesting a reasonably efficient rental market where vacancies are filled relatively quickly. 01 Furthermore, the price-cut share is an extremely low 0.1%, implying that landlords typically do not need to reduce rents to attract tenants. 2790 Given these factors, landlords and small-portfolio investors should find the Section 8 program in Medford, NY, financially viable, with rents aligning closely to market rates despite the lower percentage of renters.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.